
Chinese regulators are taking steps to keep the renminbi's dollar exchange rate stable, including holding off on short-term rate cuts and keeping the dollar trading band firm. The currency is down 1.4% this year at about 7.1 per dollar, ahead of the March leadership gathering.
Official support for the yuan limits near-term currency weakness, which reduces the pressure on Chinese buyers' import costs for feed ingredients. A stable yuan also means less incentive for Chinese buyers to change purchasing patterns.
Setelah 169 peristiwa makro netral sebelumnya, Yuan Tiongkok (CNY per USD) bergerak median +0,0% selama 5 sesi (50% lebih tinggi; separuh tengah -0,3% sampai +0,2%), dan -0,0% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.